5G Industrial IoT Trends and Forecast
The future of the global 5G industrial IoT market looks promising with opportunities in the discrete industry and process industry markets. The global 5G industrial IoT market is expected to reach an estimated $135.6 billion by 2030 with a CAGR of 81.5% from 2024 to 2030. The major drivers for this market are growing need in industrial industry for networks with high reliability and minimal latency, rising number of m2m connections across manufacturing industries, and increasing demand of preventive maintenance for critical equipment.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
5G Industrial IoT by Segment
The study includes a forecast for the global 5G industrial IoT by component, end use industry, organization size, application, and region.
5G Industrial IoT Market by Component [Shipment Analysis by Value from 2018 to 2030]:
• Services
• Solutions
• Hardware
5G Industrial IoT Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
• Discrete Industries
• Process Industries
5G Industrial IoT Market by Organization Size [Shipment Analysis by Value from 2018 to 2030]:
• Large Enterprises
• Smes
5G Industrial IoT Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
• Asset Tracking & Management
• Business Process Optimization
• Predictive Maintenance
List of 5G Industrial IoT Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies 5G industrial IoT companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the 5G industrial IoT companies profiled in this report include-
• Qualcomm Technologies
• Verizon
• Cisco Systems
• Ericsson
• Nokia
• Huawei
• Cisco
• IBM Corporation
• Microsoft
• Seimens
5G Industrial IoT Market Insights
5G Industrial IoT Market Insights
Lucintel forecasts that hardware is expected to witness the higher growth over the forecast period.
Within this market, discrete industries will remain the larger segment due to smart linked items with IoT capabilities offer a means to enhance product functioning and produce extra value for consumers.
APAC will remain the largest region over the forecast period because it is expected to rule 5G, edge computing, blockchain, and 5G core technologies because of its size, diversity, and the proactive stance adopted by nations like South Korea, China, Singapore, Australia, and Japan.
Features of the Global 5G Industrial IoT Market
Market Size Estimates: 5G industrial IoT market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: 5G industrial IoT market size by various segments, such as by component, end use industry, organization size, application, and region in terms of value ($B).
Regional Analysis: 5G industrial IoT market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different component, end use industry, organization size, application, and regions for the 5G industrial IoT market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the 5G industrial IoT market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the 5G industrial IoT market size?
Answer: The global 5G industrial IoT market is expected to reach an estimated $135.6 billion by 2030.
Q2. What is the growth forecast for 5G industrial IoT market?
Answer: The global 5G industrial IoT market is expected to grow with a CAGR of 81.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the 5G industrial IoT market?
Answer: The major drivers for this market are growing need in industrial industry for networks with high reliability and minimal latency, rising number of m2m connections across manufacturing industries and increasing demand of preventive maintenance for critical equipment.
Q4. What are the major segments for 5G industrial IoT market?
Answer: The future of the 5G industrial IoT market looks promising with opportunities in the discrete industry and process industry markets.
Q5. Who are the key 5G industrial IoT market companies?
Answer: Some of the key 5G industrial IoT companies are as follows:
• Qualcomm Technologies
• Verizon
• Cisco Systems
• Ericsson
• Nokia
• Huawei
• Cisco
• IBM Corporation
• Microsoft
• Seimens
Q6. Which 5G industrial IoT market segment will be the largest in future?
Answer: Lucintel forecasts that hardware is expected to witness the higher growth over the forecast period.
Q7. In 5G industrial IoT market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to expected to rule 5G, edge computing, blockchain, and 5G core technologies because of its size, diversity, and the proactive stance adopted by nations like South Korea, China, Singapore, Australia, and Japan.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the 5G industrial IoT market by component (services, solutions, and hardware), end use industry (discrete industries and process industries), organization size (large enterprises and smes), application (emergency & incident management, and business communication, automation control & management, real-time workforce tracking & management, logistics & supply chain management, asset tracking & management, business process optimization, and predictive maintenance), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to 5G Industrial IoT Market, 5G Industrial IoT Market Size, 5G Industrial IoT Market Growth, 5G Industrial IoT Market Analysis, 5G Industrial IoT Market Report, 5G Industrial IoT Market Share, 5G Industrial IoT Market Trends, 5G Industrial IoT Market Forecast, 5G Industrial IoT Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.